Today is the 1st day of September which means a couple of things. Firstly it means that this year is flying past (how are we already in September!), but the other thing it means is of course Hive Power Up Day
As mentioned in a previous post, I've not used actual money to power up some Hive for a while, but with the recent price drop down to just $0.20, it is a bargain at the moment
Those of you who read my previous post will know I quickly hit a snag when I turned to @ionomy in order to do this, as the account appears to be inactive, and the website refuses to load.
I asked for suggestions on where to turn next, and got some helpful replies.
I wanted 2 key things:
1 - I want to give out as little KYC info as possible
2 - It needs to be simple
I don't want to faff around with setting up new accounts, or new wallets, or want to transfer it through 17 different sites. I want to buy something on coinbase, swap that to Hive and transfer it here.
The first option was simpleswap.io
It looked straight forward enough, just send some btc to their address, and then get hive sent to my hive account.
But I didn't want to just get hive, I needed to find a way to reverse the transaction (i.e. send them hive and receive btc, which I could then sell on Coinbase). I don't plan to sell anything anytime soon, but I need to know that the option to take it out exists
I also know that @goldenoakfarm wanted to know how to do it, so I decided to check for her benefit
it turns out that it will not do that swap in the other direction, it will not allow me to swap HIVE with anything interesting (no BTC, no ETH, no LTC)
So simpleswap.io is not suitable
I really wanted to avoid setting up new accounts on either Binance or Mexc, so there was one more option to try in order to just 'swap' the currency I needed: Changelly.
I checked the options and could see there were options to give BTC and receive HIVE:
But importantly I would be able to do the opposite transaction, and give HIVE in exchange for BTC
Right then. I think I've found a suitable way to trade.... lets give this a go.
*First of all I need to transfer some money from my bank to Coinbase, and then buy BTC with it.
I'll share screenshots below of the transaction (mostly for my benefit as I'll probably forget by the time I try this again
1/4 - select the amount of BTC I want to send (remembering to take in account the transfer fee)
2/4 - select my destination address (i.e. my Hive account)
3/4> - go back on to coinbase and send the correct amount of BTC to the Changelly address
4/4 - Wait for the transaction to happen
Sending...
...and there we have it, the BTC has been recieved, and the Hive has been sent to me
I have to say, it was a really easy and simple way to do it (even easy than the ionomy route to be fair). And the only info I needed to provide was as email address to create an account. And presumably to action the transaction in reverse, I'd just put the opposite information in - send my Hive to a specified account, and then recieve the exchanged BTC to the wallet I specify.
And now its time to power up my account with 420 Hive:
...which takes me to a grand total of 27220,397 HP
Another small step closer to Orca status... I will get there eventually!
HPUD complete, its now time to crack on with my work day... see you again same time same place for Octobers PUD!
If you have any thoughts or opinions on this article then I'd love to see your comments.
And if you really like the content then maybe you would like to upvote or re-hive it.
Check out my website for more of my work.
Click HERE if you wish to join the new Holozing blockchain game!
i have been looking into buying too , before i went to the hospital i couldn't create an account with binance my region , Holland was not supported so i was trying the Korean exchange to see if that would work , turns out my ID was to old needed a new pasport .
there is to much hussle to buy / sell hive it should be a lot easier , no wonder people walk away from the platform it should be a lot more consumer friendly to buy / sell hive , use a cc get charged and there is your hive or use IDEAL .
but i guess that will never happen .
It really is so awkward to try and move money into and out of crypto... it is a major barrier to people getting involved in the first place, let alone a million shitty memecoins, and scammers everywhere to also put people off!
Mainstream adoption will only get better, and so in time I hope that it will become easier and more user friendly too. Whether Hive can be in the right place to capitalize on that, only time (and luck) will tell!
Your reply is upvoted by @topcomment; a manual curation service that rewards meaningful and engaging comments.
More Info - Support us! - Reports - Discord Channel
Happy HPUD, Dan 🎈
This was an accurate guide and intresting enquire. Sadly, it is no use for me personally, in my case. I am in the same boat with you (considering my attitude to the KYC policy). But cant simply use my credit card to change fiat for crypto due to so called 'sanctions' ... heh
!BEER
Happy HPUD qwerrie
Thank you, I hope it helps some people at least. It really shouldn't be this hard to get involved in crypto!
It can be hard enough to keep up with updates in this area, and processes that used to work become obsolete and fail so quickly
Cool! But I was hoping for reversing directions...sigh. But I will save this post and maybe it will help with the reverse some...
I've not bought for £ in a while. I have a Wirex card, not he haven't used it lately. I'm getting $HIVE by selling some game stuff for now. Enjoy your extra power.
!BEER
Congratulations @dannewton! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Congratulations @dannewton! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
The best time to buy more hive token is actually now
Yes it is, I certainly would not be selling it at this price!
View or trade
BEER.Hey @dannewton, here is a little bit of
BEERfrom @qwerrie for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.